USMJ PURA and KALY Signal Bullish; Motley Fool Reports Cannabis Stocks A Buy
March 24, 2020 -- InvestorsHub NewsWire -- via NextBigTicker -- Stock Technical Analysis (www.stockta.com) reported North American Cannabis Holdings, Inc. (USOTC: USMJ), Puration, Inc. (USOTC: PURA), and Kali-Extracts (USOTC: KALY) all reporting Bullish of Very Bullish today.
The Coronavirus has many people at home with anxiety on the rise and cannabis sales are up.
Multiple reports are out on dramatic CBD and Marijuana sales spikes.
Motley Fool published a report today on 3 Reasons Cannabis Stocks Are A Buy Right Now: 1. Demand remains high; 2. Valuations Are dirt cheap, and 3. The long-term opportunity is still huge.
Motley Fool highlights the promise of cash rich, larger companies. However, don’t over look the nimbleness of smaller companies to take advantage of situations like the Coronavirus driven demand for cannabis products. It also takes less opportunity to move the needle for a smaller company. PURA, USMJ and KALY and other small cannabis sector companies could be the first ones to have positive PPS reactions.
Cannabis stocks have struggled over the last year as the promising but more sober reality of the cannabis sector opportunity has replaced the initial exuberance that came with recreational legalization in Canada in 2018. Oddly, a global crisis could be the catalyst that triggers a cannabis sector resurgence.
PURA and USMJ have already reported increased sales. It’s worth doing your research and finding a list of other micro-cap cannabis companies that could also benefit. Now could be the time to buy beleaguered stocks in the micro-cap cannabis sector and potentially benefit from a PPS jump triggered by increased sales coming out the Corona Crisis.
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